Positive Development Well results in NW Gemsa, Egypt

SDX Energy Inc., an oil and gas exploration and production company with assets in Egypt and Cameroon, has recently completed Al Amir SE 24 (AASE-24) development well in North West Gemsa, where SDX Energy has 10% working interest. The well encountered significant oil bearing reservoir sections in both the Kareem Rahmi and Shagar formations and has been completed as a producer in the Shagar.

AASE-24 well was drilled to a depth of 3,025 metres where both the Shagar and Rahmi oil reservoirs were encountered. Log analysis indicates 4.5 metres of net Shagar oil pay and 2.1 metres of net Rahmi oil pay. The well has been completed as an oil producer in the Shagar and has flowed on test light 43.6 API oil at an average rate of 1,714 BOPD with 3.062 MMSCFD of associated gas. The well has been connected to the existing facilities and it will be placed on production immediately.

Commenting, Paul Welch, CEO of SDX Energy, says, “The AASE24 well is expected to be another strong producer from the Shagar and is the second of two successful development wells to be drilled in the field this year. The results of these two development wells combined with a 9 well work-over program, which his currently underway, will allow us to maintain production at a plateau rate of 8,000 Boepd for the remainder of 2016.”

New Chief Executive Officer of Aker EnergyFeb 23, 2018 Jan Arve Haugan has been appointed as Chief Executive Officer of the newly established oil company Aker Energy, effective 1 March 2018. Haugan is currently the President & CEO of Kværner ASA.